Archive for November 2014

Case Shiller: Chicago Home Prices Lose More Steam In September

Case Shiller: Chicago Home Prices Lose More Steam In September
The September Case Shiller home price index just released shows Chicago home prices losing even more steam than at the last release, which is a bit surprising considering how fast properties are selling and how few properties are actually available for sale. But the story is a subtle one. The Case Shiller Chicago home price... Read more »

Chicago's Most Expensive Homes: The $14 MM Converted Substation On The Gold Coast

Chicago's Most Expensive Homes: The $14 MM Converted Substation On The Gold Coast
One of Chicago’s Most Expensive Homes hit the market on The Gold Coast last Wednesday, listed at $13.9 MM, and it is truly spectacular – especially when you consider that it started life as a ComEd substation, which is a pretty boring thing to be. Somebody had a ton of vision and very deep pockets.... Read more »

Real Estate Investing 102: A Model For Evaluating Real Estate Investments

Real Estate Investing 102: A Model For Evaluating Real Estate Investments
If my previous post was real estate investing 101 (where I explored various metrics used to evaluate investment opportunities) then this must be real estate investing 102 since I’m looking at a more comprehensive evaluation model that incorporates many of those (only the good ones) same ideas. Let’s start with a comprehensive list of factors... Read more »
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4 Really Crazy Homeowner Tax Laws

4 Really Crazy Homeowner Tax Laws
We all know just how crazy the tax laws are in this country. The CCH version of the income tax regulations runs 14,144 pages but that’s what happens when you commandeer a revenue generating process for social engineering. And it turns out that the country’s housing policies contribute to the problems with some really crazy... Read more »

Realty Trac Market Report: Slight Uptick In Chicago Foreclosures

Realty Trac Market Report: Slight Uptick In Chicago Foreclosures
The RealtyTrac foreclosure market report for October, which was released yesterday, shows a slight increase in Chicago foreclosures and foreclosures at the national level from the previous month. However, the increase is in line with the normal variability in these numbers so it really doesn’t tell us anything. The more telling trend is seen by... Read more »

Chicago's Most Expensive Homes: The Wrigley Mansion 2466 N Lakeview Ave

Chicago's Most Expensive Homes: The Wrigley Mansion 2466 N Lakeview Ave
On Monday another Chicago mega-mansion hit the market. It’s the historic Wrigley Mansion (also known as the Theurer-Wrigley House) located right on the park at 2466 N Lakeview Ave in Lincoln Park and it’s listed at $8.695 MM. That makes it merely the 5th most expensive single family home on the market in Chicago right... Read more »
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Chicago Area MLS: Basement Square Footage No Longer Exists

Chicago Area MLS: Basement Square Footage No Longer Exists
According to MRED, the entity that manages the Chicago area MLS, Chicago basements will disappear this week – or at least they want them to. After much deliberation the committee that decides such things apparently decided that any space more than 50% below grade has absolutely no value so realtors should not be able to... Read more »

October Chicago Real Estate Market Update: Home Sales Still Not As Bad As They Seem

October Chicago Real Estate Market Update: Home Sales Still Not As Bad As They Seem
I’m STILL not ready to declare that the Chicago Real Estate Market is slowing down despite the fact that October showed a continued decline in home sales from last year. The decline wasn’t that big – only 6.4% and once again pretty much entirely due to the decline in distressed sales. That decline is actually... Read more »

Real Estate Investing 101: What Are Your Financial Goals?

Real Estate Investing 101: What Are Your Financial Goals?
It seems like everyone in Chicago wants to be a real estate investor and judging by the number of 2 – 4 flats in the city it seems like plenty of people have realized their dream. I’m not sure what it is about real estate investing that appeals to so many. It might be the... Read more »
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